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Fitch Downgrades China to Negative on Rising Public Finance Risks
Following Moody’s lowering of China’s credit rating outlook last December, ratings agency Fitch downgraded its China sovereign credit rating to Negative on Tuesday, citing risks to public finances as the economy shifts to new growth models. Given China’s China’s Weak Economy Fuels Securities Industry Cleanup
During the first quarter of 2024, a large number of senior executives exited China’s major securities firms culminating in widespread workforce reductions and salary cuts. Notably, industry leader CITIC Securities experienced a substantial dip in compensationRead more https://www.theepochtimes.com/china/chinas-weak-economy-fuels-securities-industry-cleanup-5626232
Xi Instructing Central Bank to Restart Treasury-Bond Trade Will Lead to Ruling Crisis: Economist
News Analysis A Taiwan-based economist says the Chinese leader’s instruction to the central bank to resume trading treasury bonds is tantamount to printing more money to address the ongoing economic predicament, which will lead to a ruling crisis for the